You put 200 from every paycheck into your savings account. You hope that this money will earn interest over time and will help you to purchase a car at the end of the year. What function of money is illustrated in this example?
A) Measure of value
B) Unit of account
C) Medium of exchange
D) Medium of durability
E) Store of value
Question 2 - GE Aviation is based in Cincinnati, Ohio. Cincinnati is ranked number1 as having low costs for facility leasing, access to transportation (rail and highway/interstates), and low property taxes. GE likely considered Cincinnati for which two considerations when selecting a new facility location?
A) Cost of construction and operation, and access to key resources
B) Proximity to major customers and access to key resources
C) Cost of construction and operation, and availability and cost of labor
D) Proximity to major customers and cost of construction and operation
E) Access to key resources and availability and cost of labor
Question 3 - Peyton babysits the Fischer's children for four hours. The Fischer's pay her 30 in return for her service. Which function of money does this illustrate?
A) Store of value
B) Measure of value
C) Medium of exchange
D) Unit of account
E) Measure of durability
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